Unsecured Easy Personal Loans

Qbera offers unsecured easy personal loans for the salaried. Modern day households are finding it increasingly difficult to set aside any kind of money for emergencies. Any eventuality that requires money like hospitalization, medical bills or urgent home repairs is difficult to manage. Thankfully, unsecured easy personal loans are here to save the day. Emergency translates to immediate action and funds. Banks and other financial institutes may not be handy in such situations with their stringent set of rules and procedures. Fintechs like Qbera, on the other hand, are much more effective in such situations.

The key features and criteria for a Qbera loan-

• Unsecured personal loans are extended to salaried individuals with a minimum take home salary of Rs 18,000 and a relaxed income to debt ratio.
• An unsecured easy personal loan does not require any collateral or guarantor.
• These loans carry long repayment tenure ranging from 6 months to 60 months. This long tenure ensures that the monthly EMI is manageable and easy to handle by the applicant.
• To avail the maximum benefit of the long repayment tenure, the age group of 23-55 years is preferred.
• The interest rate charged is strictly regulated and it typically starts at 10.99%. Furthermore, the interest rate on an unsecured easy personal loan can be negotiated if you have a good CIBIL score. The credit score is the single most important criterion used to establish the credibility of an individual. The higher the score, more likely you are to negotiate a better interest rate.
• Banks insist on a CIBIL score of 750 and more, but, a marginally low score of 600 is also considered by Qbera. This is thanks to the advanced risk assessing algorithms used by Fintech lenders which uses the social and economic standing of an individual as well.

These easy personal loans are very easy to apply as well. Being digital the entire process is carried on online with minimal physical documents. To apply, the applicant has to fill up the loan application with personal and employment details that decide the approval or rejection of the application. After the internal qualifying norms are met, the applicant can submit supporting documents like bank statements and pay slips online using secure banking credentials. Some physical documents like Aadhar card, PAN card, salary slips and income statements, bank statements, photographs and post-dated cheques from the salary account are required. These are collected from your doorstep by an executive from Qbera.